Answer:
3 salads, 6 vegetarian burgers
Explanation:
Data provided in the question:
Weekly food budget = $36
Cost of salad, Cs = $6
Cost of vegetable burger, Cv = $3
Now,
Let the number of salads be 'S'
and, the number of vegetable burgers be 'V'
thus,
S × Cs + V × Cv = $36
or
S × $6 + V × $3 = $36 ............(1)
also,
2 salads and 4 vegetarian burgers will give her a utility of 8
i.e U(2, 4 ) = 8
or
U( S, V ) = SV
Now,
From optimal marginal utility condition
Marginal rate of substitution = 
or
or
V = 2S ..........(2)
substituting the above value in 1
S × $6 + 2S × $3 = $36
or
6S + 6S = 36
or
12S = 36
or
S = 3
substituting S in (2)
V = 2(3)
or
V = 6
Hence,
3 salads, 6 vegetarian burgers
Answer: B. Despite the overseas vendor's effectiveness, Freedom decides not to enter into a contract with it because according to Freedom, tolerating sweatshop conditions is unethical.
Explanation: From the above question, freedom has a strong social interest because it is concerned about the welfare of workers.
Sweatshop condition is an unfriendly work environment where general labour laws are been violated.
Under this sweatshop conditions, the workers have a to work long hours with little pay, child labour is encouraged, poor working conditions and so on and these go against the labour law.
Freedom shoes inc will not enter into a contract with any vendor that operates sweatshop conditions.
Answer:
Date Accounts Titles & Explanation Debit Credit
Dec 31 Rent Expense $2,040
($6,120 *2/6)
Prepaid Rent $2,040
Dec 31 Deferred Revenue $525
Service Revenue $525
Dec 31 Salaries Expense $700
Salaries Payable $700
Dec 31 Supplies Expense $2,390
($3,100 - $710)
Supplies $2,390
Demon Deacons Corporation
Adjusted Trial balance
December 31, 2021
Accounts Debit$ Credit$
Cash 9,100
Account receivable 14,100
Prepaid rent 4080
Supplies 710
Deferred revenue 1,575
Salaries payable 700
Common stock 11,000
Retain earnings 5,100
Service revenue 45,245
Salaries expenses 31,200
Rent expenses 2,040
Supplies expenses <u>2,390</u> <u> </u>
Total $<u>63,620</u> $<u>63,620</u>
Prepaid rent = 6,120 - 2,040 = 4080
Supplies = 3100 - 2390 = 710
Deferred revenue = 2,100 - 525 = 1575
Tax deficiency:$17,000
<em>Fraud penalty: 75%x$9,500 = $7,125</em>
Total due: $24,125
Answer: d.None of the above - the price elasticity does not matter
Explanation:
The profit maximizing of a monopolist has little do with individual consumer responsiveness, but with the overall market. We know that profit is maximized on the interaction where the Marginal Cost that is the incremental cost is equal to the Marginal Revenue that is the incremental revenue, on the demand curve it has a positive intersect in the elastic region , this helps to achieve a higher price than on the inelastic region, with less output (less production costs), this result in a greater profit for the monopolist.
